Renko analysis of BankNifty
It's only for intraday not for short term or long term.
Green Candles - Higher High, Higher Low
Red Candles - Lower High, Lower low
According to Renko chart, BankNifty is bullish.
But on intraday chart it started making lower high and lower low.
If BankNifty close below 44760 then my 1st target for short will be 44457 and 2nd target will be 44285.
44945 is Resistance, if market reject from this level, there also good short opportunity.
If it close above 44945 then I will go for long.
I will also update my view during market hours.
Please like and share.
Thanks.
Green Candles - Higher High, Higher Low
Red Candles - Lower High, Lower low
According to Renko chart, BankNifty is bullish.
But on intraday chart it started making lower high and lower low.
If BankNifty close below 44760 then my 1st target for short will be 44457 and 2nd target will be 44285.
44945 is Resistance, if market reject from this level, there also good short opportunity.
If it close above 44945 then I will go for long.
I will also update my view during market hours.
Please like and share.
Thanks.
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